Marketo CEO Sells $241,800 in Stock (MKTO)
Marketo (NASDAQ:MKTO) CEO Phillip M. Fernandez sold 10,000 shares of the stock on the open market in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $24.18, for a total value of $241,800.00. Following the completion of the sale, the chief executive officer now directly owns 84,541 shares in the company, valued at approximately $2,044,201. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Marketo (NASDAQ:MKTO) traded down 0.55% on Thursday, hitting $23.67. The stock had a trading volume of 493,787 shares. Marketo has a 1-year low of $17.20 and a 1-year high of $45.00. The stock’s 50-day moving average is $29.45 and its 200-day moving average is $35.01. The company’s market cap is $932.1 million.
Marketo (NASDAQ:MKTO) last issued its quarterly earnings data on Thursday, April 24th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.11. The company had revenue of $32.30 million for the quarter, compared to the consensus estimate of $30.12 million. During the same quarter in the previous year, the company posted ($2.64) earnings per share. The company’s revenue for the quarter was up 64.0% on a year-over-year basis. Analysts expect that Marketo will post $-1.02 EPS for the current fiscal year.
Separately, analysts at Canaccord Genuity cut their price target on shares of Marketo from $52.00 to $40.00 in a research note on Wednesday, April 9th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of $47.00.
Marketo, Inc (NASDAQ:MKTO) provides cloud-based marketing software platform that enables organizations to engage in modern relationship marketing.
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